Va. Code Ann. tit. 33.2, ch. 34

in effect

Va. Code Ann. § 33.2-3400 Definitions

As used in this chapter: "Fund" means the Washington Metropolitan Area Transit Authority Capital Fund. "NVTC" means the Northern Virginia Transportation Commission. "WMATA" means the Washington Metropolitan Area Transit Authority. 2018, cc. 854 , 856 .

Va. Code Ann. § 33.2-3401 Washington Metropolitan Area Transit Authority Capital Fund

A. There is hereby created in the state treasury a special nonreverting fund for the benefit of the Northern Virginia Transportation District to be known as the Washington Metropolitan Area Transit Authority Capital Fund. The Fund shall be established on the books of the Comptroller. All revenues dedicated to the Fund pursuant to §§ 33.2-2400 , 33.2-3404 , 58.1-802.3 , 58.1-1741 , 58.1-1743 , and 58.1-2299.20 shall be paid into the state treasury and credited to the Fund as set forth in subsection B and shall be used for the payment of capital purposes incurred, or to be incurred, by WMATA. Interest on moneys in the Fund shall remain in the Fund and be credited to it. Any moneys remaining in the Fund, including interest thereon, at the end of each fiscal year shall not revert to the general fund but shall remain in the Fund. The Comptroller shall disburse funds to WMATA on a monthly basis if NVTC has provided the certification required by subsection B of § 33.2-3402 . B. 1. Within the Fund, there shall be established a separate, segregated account into which revenues dedicated to the Fund pursuant to §§ 33.2-2400 and 58.1-1741 shall be deposited (the Restricted Account). Revenues deposited into the Restricted Account shall be available for use by WMATA for capital purposes other than for the payment of, or security for, debt service on bonds or other indebtedness of WMATA. 2. Within the Fund, there shall be established a separate, segregated account into which revenues dedicated to the Fund pursuant to §§ 33.2-3404 , 58.1-802.3 , 58.1-1743 , and 58.1-2299.20 shall be deposited (the Non-Restricted Account). Revenues deposited into the Non-Restricted Account shall be available for use by WMATA for capital purposes, including for the payment of, or security for, debt service on bonds or other indebtedness of WMATA, or for any other WMATA capital purposes. C. The amounts deposited into the Fund and the distribution and expenditure of such amounts shall not be used to calculate or reduce the share of federal, state, or local revenues otherwise available to participating jurisdictions. Further, such revenues and moneys shall not be included in any computation of, or formula for, a locality's ability to pay for public education, upon which appropriations of state revenues to local governments for public education are determined. 2018, cc. 854 , 856 .

Va. Code Ann. § 33.2-3402 NVTC oversight

A. In any year that funds are deposited into the Fund, the NVTC shall request certain documents and reports from WMATA to confirm the benefits of the WMATA system to persons living, traveling, commuting, and working in the localities that the NVTC comprises. Such documents and reports shall include: 1. WMATA's annual capital budget; 2. WMATA's annual independent financial audit; 3. WMATA's National Transit Data annual profile; and 4. Single audit reports issued in accordance with the Uniform Administrative Requirements, Cost Principals, and Audit Requirements for Federal Awards (2 C.F.R. Part 200). B. NVTC shall be responsible for coordinating the delivery of such documents and reports with WMATA. Funding of the Commonwealth to support WMATA pursuant to § 33.2-1526.1 shall be contingent on WMATA providing the documents and reports described in subsection A, and NVTC shall provide annual certification to the Comptroller that such documents and reports have been received. 2018, cc. 854 , 856 .

Va. Code Ann. § 33.2-3403 NVTC report

By December 15 of each year that funds are deposited into the Fund, NVTC shall report to the Governor and the General Assembly on the performance and condition of WMATA. Such report shall contain, at a minimum, documentation of the following: 1. The safety and reliability of the rapid heavy rail mass transportation system and bus network; 2. The financial performance of WMATA related to the operations of the rapid heavy rail mass transportation system, including farebox recovery, service per rider, and cost per service hour; 3. The financial performance of WMATA related to the operations of the bus mass transportation system, including farebox recovery, service per rider, and cost per service hour; 4. Potential strategies to reduce the growth in such costs and to improve the efficiency of WMATA operations; 5. Use of the funds provided from the Fund to improve the safety and condition of the rapid heavy rail mass transportation system; and 6. Ridership of the rapid heavy rail mass transportation system and the bus mass transportation system. 2018, cc. 854 , 856 ; 2020, c. 792 .

Va. Code Ann. § 33.2-3404 Local transportation support for WMATA

A. Each county or city that (i) is located in a transportation district that as of January 1, 2018, meets the criteria established in § 33.2-1936 and (ii) has financial obligations to a transit system that operates a rapid heavy rail mass transit system operating on an exclusive right-of-way that is funded and controlled in part by such transportation district shall annually pay to the Fund an amount as determined by subsection B. B. The amount to be paid by each local government pursuant to subsection A shall be determined by multiplying $27.12 million plus the amount determined by subsection C by a fraction the numerator of which shall be such local government's share of capital funding for WMATA and the denominator of which shall be the total share of capital funding for WMATA for all local governments in the Commonwealth. C. In fiscal year 2029, such amount shall equal $136 million. For each fiscal year after 2029, such amount shall be equal to 103 percent of the amount required in the preceding fiscal year. However, the amount required by this subsection, if necessary, shall be adjusted to ensure the amount is proportional to the contributions made by the District of Columbia and Maryland based on the WMATA capital formula to WMATA for capital purposes. D. A locality subject to subsection A shall pay the amount determined by subsection B from revenues available pursuant to § 58.1-605.1 , subsection B of § 33.2-2510 , or other revenues available from taxes levied by such jurisdiction. 2018, cc. 854 , 856 ; 2026, Sp. Sess. I, c. 1 .

Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://law.lis.virginia.gov/vacode/title33.2/chapter34/Fetched: 10/16/2026